New Delhi, July 23 -- Shares of Monika Alcobev made a flat debut on the bourses on Wednesday, July 23, listing at Rs.288 on BSE SME, a premium of just 0.7 percent over its IPO price of Rs.286.

The SME initial public offering (IPO), with a total issue size of Rs.165.63 crore, was open for bidding from July 16 to July 18. The offering received an healthy response from investors, closing with a subscription of 4.08 times.

The IPO attracted bids for 1.53 crore shares compared to the 37.63 lakh shares on offer. The retail investor category was subscribed 2.92 times while the non-institutional investor (NII) segment witnessed 8.86 times subscription. Meanwhile, the qualified institutional buyer (QIB) portion was bid the most, 2.54 times.

The...